Wulff Hansen & CO. Has $31.41 Million Holdings in NIKE, Inc. (NYSE:NKE)

Wulff Hansen & CO. boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 6,505.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 416,796 shares of the footwear maker’s stock after acquiring an additional 410,486 shares during the period. Wulff Hansen & CO.’s holdings in NIKE were worth $31,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NKE. 9258 Wealth Management LLC boosted its holdings in shares of NIKE by 23.9% in the fourth quarter. 9258 Wealth Management LLC now owns 4,366 shares of the footwear maker’s stock valued at $474,000 after buying an additional 842 shares during the period. Gryphon Financial Partners LLC increased its holdings in NIKE by 34.6% during the 4th quarter. Gryphon Financial Partners LLC now owns 11,598 shares of the footwear maker’s stock worth $1,259,000 after purchasing an additional 2,981 shares in the last quarter. TrinityPoint Wealth LLC increased its holdings in NIKE by 0.8% during the 4th quarter. TrinityPoint Wealth LLC now owns 21,561 shares of the footwear maker’s stock worth $2,341,000 after purchasing an additional 166 shares in the last quarter. Sachetta LLC acquired a new stake in shares of NIKE in the 4th quarter valued at about $227,000. Finally, D.A. Davidson & CO. lifted its holdings in shares of NIKE by 3.6% in the fourth quarter. D.A. Davidson & CO. now owns 99,143 shares of the footwear maker’s stock valued at $10,764,000 after purchasing an additional 3,414 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan purchased 2,941 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were purchased at an average cost of $77.02 per share, with a total value of $226,515.82. Following the completion of the purchase, the director now owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other NIKE news, Director Robert Holmes Swan purchased 2,941 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were bought at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the acquisition, the director now owns 20,946 shares in the company, valued at $1,613,260.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the completion of the sale, the chairman now owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NKE. TD Cowen dropped their target price on NIKE from $75.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, July 25th. Truist Financial cut their price objective on shares of NIKE from $99.00 to $81.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Robert W. Baird decreased their target price on shares of NIKE from $125.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, June 28th. Williams Trading raised shares of NIKE from a “sell” rating to a “buy” rating and boosted their price target for the stock from $67.00 to $93.00 in a research report on Friday, August 16th. Finally, Citigroup reduced their price objective on shares of NIKE from $115.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, June 28th. Fifteen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.59.

NIKE Stock Up 1.0 %

Shares of NKE opened at $79.82 on Tuesday. The firm has a 50 day simple moving average of $77.36 and a two-hundred day simple moving average of $87.47. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39. The company has a market cap of $120.48 billion, a P/E ratio of 21.40, a P/E/G ratio of 2.08 and a beta of 1.02.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.85 by $0.16. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The firm had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.86 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Research analysts forecast that NIKE, Inc. will post 3.06 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.85%. NIKE’s payout ratio is presently 39.68%.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.